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IBM is hot again! Swing trade.

Long
International Business Machines Corporation (NYSE:IBM)  
Elpidaldo  
NYSE:IBM   International Business Machines Corporation
Trend Lines Moving Averages Support and Resistance IBM ibmlong swingtrading swingtrade tradeidea bullishcross breakout breakouttrading
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trendline movingaverage supportandresistance ibm ibmlong swingtrading swingtrade tradeidea bullishcross breakout breakouttrading
IBM weekly chart is currently in a downtrend but bullish cross of moving averages and potential break of the trend line could signify a change of trend and a profitable long trade.

I would wait for for the price to break the trend line (black line on the chart) to enter a long swing trade with a stop loss not too far to protect from a failed break.

Levels and targets on the chart.

Trade safe.


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